Housing costs in New Pekin?
A typical home costs
$142,300, which is 57.9% less expensive than the national average of
$338,100 and 35.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in New Pekin costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 10.1% cheaper than the state average of
$980.
Can I afford New Pekin?
To live comfortably in New Pekin, Indiana, a minimum annual income of
$27,360 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about New Pekin?
The cost of living in New Pekin, IN is generally lower than the national average. The median house price for the area is around $131,000, which is significantly lower than the national average of $190,400. Furthermore, utilities and transportation costs are also relatively low when compared to other major cities across the United States. On the other hand, groceries may be slightly more expensive than some other areas, although there are many local stores and farmers markets that offer quality products at reasonable prices. Overall, New Pekin offers a good balance between affordability and quality of life.